adam haigh watching westpac.stock we are going to be watching in the energy sector is australia's woodside, the company facing labor issues of course. workers at one of its key facilities saying they are going to strike if they cannot reach an agreement by wednesday. the offshore alliance, a group representing two major labor unions, says in a social media posted that workers have unanimously endorsed giving woodside seven working days to take action. unions have been locked in discussions over demands around pay and other conditions. the company also releases earnings on tuesday and we will be discussing that as well as the strike threat with the ceo, meg o'neill. that interview coming up just after midday tomorrow in hong kong. up next, we are going to take a closer look at japan's arcade gaming sector with the amusement company. our interview with the president, coming up in a moment. this is bloomberg. ♪ vonnie: it is time for japan ahead on "daybreak asia." japan markets will open up at the top of the next h

paul: besides westpac we have had another bank meeting estimates at $290 million new zealand.tes at a touch of $1 billion aussie. looking ahead to more earnings out of australia at week. let's begin the head of austria equity research jp morgan. we have a quarter of the a sx reporting this week. we have got inflation moderating but still elevated. china has got some difficulties we have been discussing in depth this morning and all last week, but are you expecting stocks to prize -- surprise to the upside or downside? >> the keyword is divergence. the resilient surprises of the upside, which is the consumer is yet to crack, and that was the biggest fear in the market that we will see real signs that the consumer is under extreme pressure. there is no doubt the consumer is starting to fade, but the consumer is holding in there quite well. interest cards are starting to exert downward pressure on segments of the market. as we look forward to the rest of the season, so far it is in line with what we would've expected, 1/3 of companies beating our expectations. we think the season

the plans to reduce headcount follows similar moves by peers including commonwealth bank and westpac.t is going on market wise. chinese equities on a tear. a lot more on the way. the india story with a flat open in mumbai. this is bloomberg. ♪ ♪ baby, only on game nights. you know you are retired right? am i? ya! the queen sleep number c2 smart bed is now only $999. plus, 60-month financing on all smart beds. shop now only at sleep number. grand canyon university is ranked in the top 20 best college campuses in america -and in 2022, traditional campus students received nearly $180 million dollars in scholarships. looking at scholarship offers? see how gcu compares at gcu.edu/myoffer rishaad: that is a look at markets after highs of the day. the hang seng just under seven minutes to go before lunch break. the nikkei is up 1.7%. china is trying to will best -- will bet investors. there is a slower pace of initial public offerings. let's look at tokyo. we have electric vehicle stocks and focus. we are looking at companies in the electric vehicle supply chain. we are looking at toyota. a

now it announced plans to reduce headcount by its peers including westpac.di: let's take a look at some of the currency pairs we are seeing trading at the moment. we are waiting for a couple of things for asian markets to process. one is still the narrative jackson hole, the other is going to be the data dump from china over the weekend as that start of retrading for evergrande it will be key. we have seen some of the biggest moves when it comes to the gannett weakening to that new 2023 low amid the pressures coming from yields as well as the u.s. dollar. watching the yuan today given the level of policy measures so... i know you and george were struggling with the possibility of having to move. how's that going? we found a way to make bathing safer with a kohler walk-in bath. a kohler walk-in bath provides a secure, spa-like bathing experience in the comfort of your own home. a kohler walk-in bath has one of the lowest step-ins of any walk-in bath for easy entry and exit. it features textured surfaces, convenient handrails for more stability, and a wide doo

all right just got some breaking news for you across the bloomberg terminal is the westpac leading index is an index of about nine macro indicators, a composite really of housing, consumer confidence rates and others. and it's just moved into negative territory, but only just by. 0.03 of a percent in the month of july. the june reading was also revised down a bit to 0.08. so pretty flat, which is a reasonable indicator of sentiment in the country at the moment. as we believe that the rba may possibly have reached the end of its tightening cycle. although phil low in his last statement to parliament suggesting as central bank often like to do, there could potentially be more tightening to come if necessary. in terms of central banks. the reserve bank of new zealand meeting today and it's expected to keep policy on hold for a second straight month when it does make that call in just a few hours time. so for more, let's bring in bloomberg economist for australia and new zealand. james mcintyre. so, james, the rbnz on hold. it's expected to be a hawkish hold, though, right? that's right. def